Vitesse Energy (NYSE:VTS) Shares Up 2.7%

Vitesse Energy, Inc. (NYSE:VTS - Get Free Report) shares were up 2.7% during mid-day trading on Monday . The company traded as high as $24.13 and last traded at $24.01. Approximately 161,840 shares traded hands during mid-day trading, a decline of 29% from the average daily volume of 228,010 shares. The stock had previously closed at $23.38.

Vitesse Energy Stock Performance

The firm has a fifty day moving average price of $22.75 and a 200 day moving average price of $22.58. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.15. The firm has a market cap of $702.68 million, a PE ratio of -31.39 and a beta of -0.09.

Vitesse Energy (NYSE:VTS - Get Free Report) last announced its earnings results on Monday, February 26th. The company reported $0.46 earnings per share for the quarter, missing the consensus estimate of $0.53 by ($0.07). Vitesse Energy had a negative return on equity of 2.89% and a negative net margin of 9.22%. The company had revenue of $69.30 million for the quarter, compared to analysts' expectations of $63.83 million. As a group, equities research analysts expect that Vitesse Energy, Inc. will post 1.27 earnings per share for the current fiscal year.

Vitesse Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were issued a dividend of $0.50 per share. The ex-dividend date was Thursday, March 14th. This represents a $2.00 annualized dividend and a yield of 8.38%. Vitesse Energy's dividend payout ratio (DPR) is -263.16%.

Institutional Trading of Vitesse Energy

A number of hedge funds and other institutional investors have recently bought and sold shares of VTS. GoodHaven Capital Management LLC grew its position in Vitesse Energy by 13.8% during the third quarter. GoodHaven Capital Management LLC now owns 265,635 shares of the company's stock worth $6,080,000 after buying an additional 32,211 shares during the period. Ancora Advisors LLC grew its stake in shares of Vitesse Energy by 144.7% in the third quarter. Ancora Advisors LLC now owns 108,969 shares of the company's stock valued at $2,494,000 after buying an additional 64,444 shares in the last quarter. SG Americas Securities LLC purchased a new stake in shares of Vitesse Energy during the third quarter valued at approximately $1,205,000. Swiss National Bank increased its stake in Vitesse Energy by 8.2% during the 3rd quarter. Swiss National Bank now owns 53,844 shares of the company's stock worth $1,232,000 after buying an additional 4,100 shares during the period. Finally, Kestra Advisory Services LLC acquired a new position in shares of Vitesse Energy in the third quarter worth about $1,068,000. 51.63% of the stock is currently owned by institutional investors and hedge funds.

About Vitesse Energy

Vitesse Energy, Inc, together with its subsidiaries, engages in the acquisition, development, and production of non-operated oil and natural gas properties in the United States. It owns and acquires non-operated working interest and royalty interest ownership in the Williston Basin properties located in North Dakota and Montana.